HASI Boosts Credit Capacity to $2.65B, Extends Maturities, and Lowers Borrowing Costs

summarizeSummary

HASI refinanced and upsized its credit facilities to $2.65 billion, extending maturities to 2031 and reducing borrowing costs, with full participation from its 18-bank lending group.

check_boxKey Events · Financing and Capital Events · HASI

• Credit Facility Upsize

  The company entered into a new $2.25 billion 5-year unsecured revolving credit facility, replacing the prior $1.825 billion facility, and a new $400 million 3-year senior unsecured term loan, replacing two prior term loans totaling $500 million. Total committed capacity increased by $575 million.

• Maturity Extension

  Revolver maturity extended to July 2031 (from April 2028) and term loan maturity set at July 2029, providing longer-dated liquidity.

• Reduced Borrowing Costs

  Revolver spread reduced to 157.5 bps + Term SOFR (from 167.5 bps) and term loan margin set at 1.45%, a 33 bps reduction versus the weighted average of prior facilities, lowering interest expense.

• Full Lender Participation

  All 18 existing relationship banks committed to the new facilities, demonstrating strong ongoing support from the lending group.

auto_awesomeAnalysis · HASI · Real Estate & Construction

HA Sustainable Infrastructure Capital has replaced its existing credit facilities with a larger $2.25 billion revolving credit facility and a new $400 million term loan, lifting total committed capacity by $575 million. The refinancing pushes maturities out by three years—the revolver now runs to 2031—and trims interest rate spreads by 10 to 33 basis points, underscoring improved credit terms. With all 18 existing relationship banks participating, lender confidence remains strong. The move bolsters HASI's liquidity and reduces its cost of capital, reinforcing its ability to invest in sustainable infrastructure assets.